You can either cover the additional costs yourself (Karl will then pay you the part of the bill that is covered by the insurance sum. There is no underinsurance), or Karl will replace your bicycle or e-bike with a bicycle or e-bike that corresponds in type and condition to the undamaged insured item and the insurance sum.

In the first year after conclusion, you have 100% of the insurance value in the policy as credit available, in the second year after conclusion 80% of the insurance value in the policy, in the third year after conclusion 70% of the insurance value in the policy.

However, this only applies to the total loss case. If, for example, you damage your fork in a fall in the third year after conclusion and it needs to be replaced, you will receive the full value replaced. The same applies to all partial damages. Up to the maximum sum (depending on which year the damage occurs, therefore 100%/80%/70% of the insurance value in the policy), all damages are completely covered by Karl.